New to renting points. Look for some help please

[Wanna be Ariel]

I am interested in trying to rent points for this year. Any insight on how the best way to go about this is. Is it the easiest going through a company like David's?

Really would love to try this out since it seems like a good way to save some money on a room. Also anything that I should really know about doing this. I know the very basics (no mousekeeping) but I don't know a lot.

Thank you so much for any help you can give

 

[Deb & Bill]

I am interested in trying to rent points for this year. Is this even possible? Any insight on how the best way to go about this is. Is it the easiest going through a company like David's?

Sorry for all the questions. Really would love to try this out since it seems like a good way to save some money on a room. Also anything that I should really know about doing this. I know the very basics (no mousekeeping) but I don't know a lot.

Thank you so much for any help you can give

You'll want to edit your post so that you take out the resort and dates so it doesn't look like a rental wanted post.

The point brokers can be a good way to go because they match people up who want a vacation with a member who want to sell the use of their points for a trip, but they don't always have members who have the points you need available at 11 months out. There are some posts at the top of the Rent/Trade Board that can help you find out more about renting points (but you are really purchasing a reservation from a member who makes them with their points). Disney isn't involved in this reservation at all. It's all between you and the member.

Most of the time "renting" also means no cancellation and no refunds if for some reason you can't go. So make sure you know exactly what you want and when you want to go. It would be very frustrating to lose any money you have already paid.

Good luck.

 

[rlovew]

Well- first you are not allowed to mention any specific in your questions so I suspect if this is left open it will be heaviliy edited. Some things to note:
1- there is a thread about renting point that is a sticky- read it first
2- do not rent from anyone who contacts you by private message during this post, they are going around disboard rules and are more likely to be scammers
3- You can either rent through a company (like David's or the Timeshare Store who are both board advertisers or through individuals through the rent trade board 9you must be signed in to see it)
4- If you are looking at a time around from Sept-the marathon in Jan and you have a specific resort you want you need to rent as close to 11 months as possible (some rooms and categories will be sold out before 10 months hit).
5-On that note be ready to pay when you book (at least 50%) and don't expect a refund if you change your mind.
6- If you haven't set something up with an owner before the 11 month window opens at a popular resort/category be willing to accept a different category or give up the idea of renting.

 

[Wanna be Ariel]

Thank you both for the post back. I did edit my post to take out the resort and the date. Sorry about that. Okay I will go and read the post and go from there. It kind of sounds like that maybe the resort and room I would like might not be that easy to get. Thank you both again for the help.

 

[crisi]

Also, while David's is easy to work with, he has a shortage of owners for those hard to book rooms eleven months out.

 

[Wanna be Ariel]

Also, while David's is easy to work with, he has a shortage of owners for those hard to book rooms eleven months out.

Am I just better off watching for someone to post on here that they have points for the villa I want? Any help would be great since this is all new to me. I know it would really save us a lot of money and we would be able to stay on a monorail resort again(got spoiled last year at the Poly)

 

[crisi]

Am I just better off watching for someone to post on here that they have points for the villa I want? Any help would be great since this is all new to me. I know it would really save us a lot of money and we would be able to stay on a monorail resort again(got spoiled last year at the Poly)

Its possibly best to do both. If David's can find you an owner, you can book there, if he can't you can watch here. BLT will be difficult to find an owner for - BLT is new - which means the owners are new, which means they generally use their own points. And frankly, the $11 they get from David doesn't cover their costs, so unless they can't use their points and are willing to take a loss, why sell them to David. There will be owners who rent, there will just be more people looking for those points than owners who rent.

 

[bakerworld]

~ the $11 they get from David doesn't cover their costs, so unless they can't use their points and are willing to take a loss, why sell them to David. ~

Explain please

 

[crisi]

Explain please

A simple calculation for BLT points is $140/50. About $3. But if you financed, you can pretty much double that - as most individuals don't accrue, they work on a cash basis. Add dues, and some amount of money for having to deal with it, plus a cost factor for the risk, and there is no, or very little, profit in a BLT rental at $11 a point. Didn't finance, that's better, but instead of buying points you weren't going to use, you could have invested that money - last year the stock market did pretty well.

 

[bakerworld]

A simple calculation for BLT points is $140/50. About $3. But if you financed, you can pretty much double that - as most individuals don't accrue, they work on a cash basis. Add dues, and some amount of money for having to deal with it, plus a cost factor for the risk, and there is no, or very little, profit in a BLT rental at $11 a point. Didn't finance, that's better, but instead of buying points you weren't going to use, you could have invested that money - last year the stock market did pretty well.

So, If spent 25% less on pts and didn't have extra points but used them elsewhere = better ??

 

[crisi]

So, If spent 25% less on pts and didn't have extra points but used them elsewhere = better ??

I don't understand the question. What I'm saying is that for many BLT owners, they are going to use their points, they aren't in the place of ownership where renting points is attractive - both due to the newness and the finances - $11 per point compensation from David's does not make giving up BLT points attractive, unless you are in a corner. So there are going to be fewer owners renting points.

$11 a point in compensation when you bought years ago and paid $65 a point is more attractive, but that won't be BLT owners. Many of them bought in at over $100 and are still paying loans.

If you bought BLT and have extra points - yeah, not having expensive BLT points you aren't going to use would be better - unless you can get a premium for your BLT points on the rental market. But if you can do that, then it isn't such a good deal for people like Wanna Be Ariel to rent them and she might decide that Wilderness Lodge would meet her needs for much less money.

 

[Deb & Bill]

I don't understand the question. What I'm saying is that for many BLT owners, they are going to use their points, they aren't in the place of ownership where renting points is attractive - both due to the newness and the finances - $11 per point compensation from David's does not make giving up BLT points attractive, unless you are in a corner. So there are going to be fewer owners renting points.

$11 a point in compensation when you bought years ago and paid $65 a point is more attractive, but that won't be BLT owners. Many of them bought in at over $100 and are still paying loans.

If you bought BLT and have extra points - yeah, not having expensive BLT points you aren't going to use would be better - unless you can get a premium for your BLT points on the rental market. But if you can do that, then it isn't such a good deal for people like Wanna Be Ariel to rent them and she might decide that Wilderness Lodge would meet her needs for much less money.

I'd also say that members who bought BLT or GFV are still newer members who want to use their points as much as possible. Everyone always want the hottest DVC resort.

 

[crisi]

I'd also say that members who bought BLT or GFV are still newer members who want to use their points as much as possible. Everyone always want the hottest DVC resort.

Yep, thats part of the point - the supply of points is controlled by the owners - for BLT and VGF there are two issues that are keeping the supply below the demand - one, they tend to be newer owners and newer owners tend to want more points, not less and two - the cost benefit analysis isn't great for them so there isn't a huge inducement to rent. So finding an owner at the two monorail DVCs who gets the window that will guarantee a booking won't be "easy" regardless of if you use a service or some other method.

(It may turn out to be easy for Wanna Be Ariel - I hope it does, like a lot of things, if she is in the right place at the right time it will drop into her lap, but someone will not find points to rent at a monorail resort).

 

[Wanna be Ariel]

Thank you all very much for the help. I will just keep looking for some pixie dust. I knew that it was going to be hard, but I guess I really did not think that it would be that hard to find. We have a few dates we are playing with so maybe something will turn up! If anyone hears of any please find me

Thank you all again.